Brexit: Three months in and half of UK businesses have faced disruption

Brexit: Three months in and half of businesses have faced disruption

CREDIT: Twitter

Brexit: Three months in and half of UK businesses have faced disruption.

THE figure rises to four in five businesses among those that do a moderate or large amount of trade with the EU.

A new YouGov survey shows that since the Brexit Withdrawal Agreement came into effect on January 1, 2021, the verdict from businesses is mixed.

Some 2,046 business decision-makers reveal that about half (52 per cent) say their company has faced disruption since the beginning of the year as a result.

An eighth of businesses said they have experienced a large amount of disruption. A further one in six said the impact has been moderate, and a fifth report a small amount of disturbance.

Forty per cent of the businesses in the survey do a ‘moderate’ or ‘large’ portion of trade with consumers and companies in the EU.

Among this group, 80 per cent have had issues since the start of the year, including 27 per cent who have faced substantial disruption.

Large businesses are more likely than small and medium-sized firms to report disruption from the new agreement, at 67 per cent versus 42 per cent.

Sixty per cent of companies that routinely trade with the EU believe things will get worse with just 14 per cent are hopeful that Brexit will have a positive impact.

Meanwhile, the pandemic is having a wider impact, with 71 per cent of companies saying it will affect them negatively.

Only 14 per cent say it will not have any consequences for their company, while 12 per cent believe it will be beneficial.

Thank you for taking the time to read this news article “Brexit: Three months in and half of businesses have faced disruption”. For more UK daily news, Spanish daily news and Global news stories, visit the Euro Weekly News home page.

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Written by

Tara Rippin

Tara Rippin is a reporter for Spain’s largest English-speaking newspaper, Euro Weekly News, and is responsible for the Costa Blanca region.
She has been in journalism for more than 20 years, having worked for local newspapers in the Midlands, UK, before relocating to Spain in 1990.
Since arriving, the mother-of-one has made her home on the Costa Blanca, while spending 18 months at the EWN head office in Fuengirola on the Costa del Sol.
She loves being part of a community that has a wonderful expat and Spanish mix, and strives to bring the latest and most relevant news to EWN’s loyal and valued readers.

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